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<Econ> Eurozone Apr Composite PMI Falls to 48.8; Services PMI Drops to 47.6
According to the latest data released by S&P Global, the Eurozone Composite Output Index (PMI) plunged to 48.8 in April from 50.7 in March (market consensus: 48.6). The reading not...
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<Econ> Eurozone Apr Composite PMI Falls to 48.8; Services PMI Drops to 47.6
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According to the latest data released by S&P Global, the Eurozone Composite Output Index (PMI) plunged to 48.8 in April from 50.7 in March (market consensus: 48.6). The reading not only fell below the 50.0 boom-or-bust line, but also marked a new 17-month low since November 2024.

This change signals that private sector activity has officially slipped into marginal contraction territory after more than a year of expansion. In particular, the Services PMI fell to 47.6, hitting a 62-month low. Market expectations were 47.4. (ad/u)

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